Arctic Slope Regional Corporation is proud to announce the winners of the 2012 North Slope Marketplace, a competition for residents of North Slope communities to compete for funding to start or expand North Slope-based businesses. The contest is intended to foster small business development by providing funding for the startup, maintenance and/or expansion of shareholder or descendant-owned small businesses. The competition is designed to inspire new business opportunities for North Slope communities and challenges entrepreneurs to compete for awards ranging up to $25,000.

The following are three winning entrepreneurs of the 2012 North Slope Marketplace:

• Rexford’s Gifts by Annie Rexford ($18,000). This is an arts and crafts business that takes raw material such as baleen and ivory and produces tourism quality pieces in Barrow Alaska. The funds will be used to purchase inventory and provide working capital in preparation for next summer.

• Stormi’s Satellite Sales & Service by Godfrey Paul Tuckfield (($17,000). This is a satellite installation, repair and retail operation in Point Hope. The award will be used to purchase inventory and startup space.

• Sylvia-N-Micah’s Movies by Emma and Herb Kinneeveauk ($15,000). This is a small movie rental store with small food offerings and DVD conversion services. The award will be used to purchase inventory and to equipment.

Two additional winning entrepreneurs were announced late last year.

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